Tata Starbucks, the 50:50 joint venture between renowned coffee chain Starbucks and Tata Global Beverages, has announced that it was ready to evaluate any investment opportunity in the sector to boost its growth in India.

Tata Starbucks CEO Avani Davda said the company's focus was to grow the brand and build up its retail network.

Speaking on the topic, he Davda added, "If we find something attractive, we would look at it. These are board decisions and we have great leaders on the board who will evaluate opportunities already available in this market or as and when they come."

Davad was speaking on the occasion of Starbucks's entry into Bangalore, the home turf of Cafe Coffee Day (CCD), which is the fifth-largest coffee chain in the world.

The CEO further said that the challenges in growth for a retail brand would be the same in the United States or any Asian economy, irrespective of whether it is the supply chain or real estate.

Starbucks has plans to open two more coffee outlets in mall locations in Bangalore by the end of this year. However, it will have to face tough competition from rivals like Barista and CCD. While Barista is already operating 30 cafes, CCD has 191 cafes, 11 lounges as well as an ultra-premium outlet in the city.